Discounted Cash Flow (DCF) Analysis Levered
SPDR Long Dollar Gold Trust (GLDW)
$152.816
-0.80 (-0.52%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 25,625.04 | 27,753.97 | 33,746.84 | 34,220.45 | 37,844.86 | 41,808.70 | 46,187.70 | 51,025.36 | 56,369.70 | 62,273.81 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 2,143.55 | 2,238 | 3,876.16 | 2,865.81 | 1,984.56 | 3,472.90 | 3,836.65 | 4,238.50 | 4,682.43 | 5,172.87 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -734.38 | -784.84 | -1,027.96 | -1,070.46 | -1,560.58 | -1,337.17 | -1,477.23 | -1,631.95 | -1,802.88 | -1,991.71 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 1,409.17 | 1,453.16 | 2,848.20 | 1,795.35 | 423.97 | 2,135.73 | 2,359.42 | 2,606.54 | 2,879.55 | 3,181.15 |
Weighted Average Cost Of Capital
| Share price | $ 152.816 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | 226.30 |
| Cost of Debt | |
| Tax Rate | 22.48 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.156 |
| Total Debt | - |
| Total Equity | 34,581.80 |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 25,625.04 | 27,753.97 | 33,746.84 | 34,220.45 | 37,844.86 | 41,808.70 | 46,187.70 | 51,025.36 | 56,369.70 | 62,273.81 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 2,143.55 | 2,238 | 3,876.16 | 2,865.81 | 1,984.56 | 3,472.90 | 3,836.65 | 4,238.50 | 4,682.43 | 5,172.87 |
| Capital Expenditure | -734.38 | -784.84 | -1,027.96 | -1,070.46 | -1,560.58 | -1,337.17 | -1,477.23 | -1,631.95 | -1,802.88 | -1,991.71 |
| Free Cash Flow | 1,409.17 | 1,453.16 | 2,848.20 | 1,795.35 | 423.97 | 2,135.73 | 2,359.42 | 2,606.54 | 2,879.55 | 3,181.15 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 3,244.77 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -381.58 |
| Equity Value | - |
| Shares Outstanding | 226.30 |
| Equity Value Per Share | - |